The People’s Bank of China said the IMF report was a valuable assessment of the country’s financial system. Photo: Bloomberg

Before China can remove implicit guarantees from financial system it must take these steps, says IMF

Chinese banks need to be more resilient, and consumers and local governments more willing to take losses before China’s economy can cope without a culture of guaranteed returns

Topic |   International Monetary Fund (IMF)

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The People’s Bank of China said the IMF report was a valuable assessment of the country’s financial system. Photo: Bloomberg
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